Which of the following is a feature of 'Multi-Sided Platforms'?
A. They serve only one group of users
B. They are identical to traditional linear firms
C. They intermediate between two or more distinct groups of users and must solve the chicken-and-egg problem of attracting both sides
D. They never exhibit network effects
Answer: Option C
Solution (By JKSSB Mock Tests)
Multi-sided platforms bring together two or more distinct customer groups that need each other and whose interactions are mediated by the platform; pricing and design must balance the interests of all sides.
Explanation:
Remittances from abroad are unilateral transfers and form part of the current account. Capital account includes FDI, portfolio investment and external borrowings.
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